全球经济失衡是当今世界经济运行的主要特征和面临的重要风险,因而成为学术界、政策制定者和国际机构竞相研究的热点问题。本文通过回顾相关文献,重点研究了当前全球经济失衡的主要成因、可持续性及其调整。论文从汇率弹性视角、储蓄投资视角、全球资产组合视角、国际分工视角和统计失效视角探讨了当前全球经济失衡的主要成因;介绍了有关可持续性的两种不同观点,并作了简要评述;综述了全球经济失衡的调整路径及中国在当前全球经济失衡调整中的地位与作用等;在此基础上,指出了目前研究的不足,并对未来的研究方向和重点作了展望。 The global economic imbalance is the main feature and the important risk facing the economic operation of the world at present, and therefore it has become a hot topic that academia, policy makers and international institutions compete for. By reviewing the literature, this paper focuses on the major causes, sustainability and adjustments of the current global economic imbalances. The dissertation explores the main causes of the current global economic imbalance from the perspective of exchange rate flexibility, the perspective of savings investment, the perspective of global portfolio, the perspective of international division of labor and the statistical failure perspective. Two different views on sustainability are introduced and briefly reviewed. This paper reviews the adjustment path of the global economic imbalance and the status and role of China in the adjustment of the current global economic imbalance. Based on this, it points out the shortcomings of the current research and makes a preview of the future research directions and priorities.